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What is the difference between A104 and A105?

For projects of a more limited scope, use of Document A1042017, Agreement Between Owner and Contractor for a Project of Limited Scope, should be considered. For even smaller projects, consider Document A1052017, Agreement Between Owner and Contractor for a Residential or Small Commercial Project.

What is a GMP amendment?

A GMP amendment, also known as a change order, is a modification of the original guaranteed maximum price due to alterations of the project scope or other plan aspects. Amendments must occur through a formal change order process requiring both contractors' and customers' sign-off.

What is the difference between lump sum and GMP?

Unlike a lump sum contract wherein a contractor is paid a flat fee for the work, the guaranteed maximum price contract allows the owner to potentially save money if the project ends up costing less than estimated.

What are contracts?

contracts and forms are consensus documents that reflect advice from practicing architects, contractors, engineers as well as owners, surety bond producers, insurers, and attorneys. documents balance the interests of all the parties, so no one interest, including that of the architect, is unfairly represented.

What is the difference between A104 and A105?

For projects of a more limited scope, use of Document A1042017, Agreement Between Owner and Contractor for a Project of Limited Scope, should be considered. For even smaller projects, consider Document A1052017, Agreement Between Owner and Contractor for a Residential or Small Commercial Project.

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